TRB Sees 13% Price Drop After Palmito Testnet Surge and $570M Trading Volume Spike

Tellor (TRB) is currently trading at $54.91 with a 24-hour trading volume of approximately $570 million and a market capitalization near $118 million; the price has declined by 13.30% over the past 24 hours after opening at $63.33. The recent price volatility and increased trading activity follow a period of strong upward momentum driven by the successful 'Palmito' testnet upgrade on May 22, 2025, and TRB’s subsequent surge in market attention, including a 57% rally in the prior week and high rankings on major crypto platforms. The latest price drop appears to be a correction after this rapid appreciation, with intensified trading likely reflecting profit-taking and short-term market reactions to the recent surge and upgrade news.